Ethical Community Charter School

“The charter schools form 990 is prepared by an outside accounting firm. The prepared form 990 is provided to the school business administrator and members of the governing board for their review and approval. The approved form 990 is then e-filed with the irs by the outside accounting firm.”

“All board members and school officers of the charter school are required by the laws of the state of new jersey to file annual ethics disclosure statements with the new jersey state ethics commission. Further, the charter school has in place its own conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of the board and all officers disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, management and the governing board will be notified immediately. The board member and/or the officer with the conflict will not be allowed to vote or be part of any decisions related to such transactions that have to do with the conflict until such times that there is no longer a conflict.”

“The compensation of the principal/head of school and the school business administrator is determined, reviewed and approved by the board of trustees of the charter school.”

“The compensation of the charter schools officers and key employees is determined annually by the board of trustees after an evaluation of the officers and employees performance. The compensation is benchmarked using publicly available resources such as forms 990 of other new jersey charter schools.”

“The charter school makes its forms 1023 and 990 available to the public upon request from the business office: 95 broadway, jersey city, new jersey 07306. Telephone: (201)984-4151. The form 990 could also be obtained from others website: www.guidestar.org”

“THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE BUSINESS OFFICE: 95 BROADWAY, JERSEY CITY, NEW JERSEY 07306. TELEPHONE: (201)984-4151. FURTHER, THE CHARTER SCHOOLS ANNUAL AUDIT REPORTS COULD BE OBTAINED FROM THE WEBSITE OF THE NEW JERSEY DEPARTMENT OF EDUCATION: https://www.nj.gov/education/fpp/acfr/”

“Line 9 - reconciliation of net assets - other changes in net assets of $582,176 was due to the non capitalization of fixed assets in the form 990 for the prior year ended june 30. 2024.”